Cuatrecasas advises Global Realty Capital fund on investing in Room007 Hostels & Hotels

July 21, 2021

Cuatrecasas advised Global Realty Capital (GRC), German real estate investment vehicle that includes Rocket Internet as ones of its main investors, on investing €6 million in Room007 Hostels & Hotels. This is an initial strategic investment in the form of a capital increase, which will be used to accelerate the company’s expansion and growth plans.

Room007 Hostels & Hotels focuses its activity on managing urban hostels and boutique hotels. Currently, it has three establishments in Madrid, one in Lisbon and another in Seville, with a total of 198 rooms; it intends to open another seven establishments in the next year.

Cuatrecasas lawyers Diana Rivera and Amador Rodríguez participated in the transaction.

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